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Venturelab Twente softlanding and new business incubation

The University of Twente in The Netherlands has 30 years of experience in supporting new high-tech company support. The University has developed itself as an incubator with many support mechanisms. The pre-incubator facility VentureLab Twente is focussing on high-tech high growth and welcoming also softlanders. This was presented by Aard Groen and Jaap van Tilburg at NBIA's conference in Kansas in april 2009 using this slideshow.

21.
TOP program (since 1983) <ul><li>Support in business plan and finding university link </li></ul><ul><li>University mentor (synergy!) </li></ul><ul><li>Use of University facilities, laboratories etc. </li></ul><ul><li>Business mentor </li></ul><ul><li>Use of University network and image </li></ul><ul><li>Support by TOP committee </li></ul><ul><li>Interest free loan of € 20.000 (increased since 2006) </li></ul><ul><li>www.utwente.nl/top </li></ul>

22.
“ Spin-off entrepreneur is excellent human bridge between university and business community”

24.
TOP Impact on Research Groups <ul><li>Development of new expertise center / facilities </li></ul><ul><li>Continuation of existing facilities </li></ul><ul><li>Income from use of equipment and expertise </li></ul><ul><li>Joint R&D projects </li></ul><ul><li>Student & graduate positions </li></ul><ul><li>Additional expertise/sparring partners on arm’s length </li></ul><ul><li>Inspired by network of entrepreneurs and sme’s </li></ul><ul><li>Test and external application of knowledge in market </li></ul><ul><li>New ideas for research </li></ul>

29.
A story: High tech start up (University Spin Off) <ul><li>High tech start up </li></ul><ul><li>Patented technology </li></ul><ul><li>Strategic alliance with a large company who could enter this technology in a mass-production market, very high potential for high growth of value creation. </li></ul><ul><li>Demands from the firm to work 1-1,5 year on product development in stead of technology research, but…. </li></ul><ul><li>Owner makes a sail trip around the world </li></ul><ul><li>Other applications with time to market of >5 year are more interesting (as technology research) </li></ul><ul><li>Fails to develop the mass-production product…... </li></ul>

31.
Basic research question: <ul><li>How come that technobased firms are developing so differently? How to explain differences in growth? What can be done to support firms to realize their potential? </li></ul><ul><li>Theoretical perspectives: drawing on entrepreneurship process social system theory technology dynamics searching multi-level, multi-dimensional actor oriented perspective to be able to describe, explain and design entrepreneurial processes in networks. </li></ul>

46.
Target Groups VentureLab Twente <ul><li>Graduates and PhD’s who want to become entrepreneur </li></ul><ul><li>Serial entrepreneurs in high tech </li></ul><ul><li>SME’s new business developers </li></ul><ul><li>Large firm new business developers </li></ul><ul><li>Soft landing incoming entrepreneurs from abroad </li></ul>

48.
Expected Results <ul><li>Groups of 20-40 persons </li></ul><ul><li>15 firms based on own idea development of participants (after 5 years 12 firms, employment >120) </li></ul><ul><li>2-3 firms based on high potential ideas matched with teams based on selection during program (after 5 years, 1-2 firms, employment >250) </li></ul><ul><li>3 groups per year, 3 years  employment after 8 year >3000 </li></ul>